Stevens Capital Management LP trimmed its stake in shares of Continental Building Products, Inc. (NYSE:CBPX) by 11.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,446 shares of the construction company’s stock after selling 1,326 shares during the quarter. Stevens Capital Management LP’s holdings in Continental Building Products were worth $243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of CBPX. Alps Advisors Inc. raised its stake in Continental Building Products by 0.3% during the second quarter. Alps Advisors Inc. now owns 18,560 shares of the construction company’s stock worth $432,000 after buying an additional 48 shares during the last quarter. First Mercantile Trust Co. lifted its holdings in Continental Building Products by 1.8% in the second quarter. First Mercantile Trust Co. now owns 6,230 shares of the construction company’s stock valued at $145,000 after buying an additional 110 shares during the period. Legal & General Group Plc lifted its holdings in Continental Building Products by 9.5% in the second quarter. Legal & General Group Plc now owns 9,279 shares of the construction company’s stock valued at $216,000 after buying an additional 802 shares during the period. Principal Financial Group Inc. boosted its position in Continental Building Products by 11.2% during the second quarter. Principal Financial Group Inc. now owns 10,037 shares of the construction company’s stock valued at $234,000 after acquiring an additional 1,013 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in Continental Building Products by 2.8% during the first quarter. Parametric Portfolio Associates LLC now owns 39,131 shares of the construction company’s stock valued at $959,000 after acquiring an additional 1,048 shares during the last quarter.

Continental Building Products, Inc. (NYSE:CBPX) opened at 26.00 on Monday. Continental Building Products, Inc. has a 12-month low of $18.35 and a 12-month high of $26.53. The firm’s 50 day moving average price is $23.00 and its 200-day moving average price is $23.80. The company has a market capitalization of $998.92 million, a PE ratio of 23.92 and a beta of 1.28.

Continental Building Products (NYSE:CBPX) last issued its quarterly earnings data on Thursday, August 3rd. The construction company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $120.60 million for the quarter, compared to the consensus estimate of $127.60 million. Continental Building Products had a net margin of 9.16% and a return on equity of 15.45%. The business’s revenue was up 3.0% on a year-over-year basis. During the same period last year, the company posted $0.31 earnings per share. On average, equities analysts anticipate that Continental Building Products, Inc. will post $1.30 earnings per share for the current fiscal year.

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A number of analysts have weighed in on the company. Zacks Investment Research upgraded Continental Building Products from a “hold” rating to a “buy” rating and set a $26.00 price target for the company in a report on Monday, July 3rd. Royal Bank Of Canada reissued a “buy” rating and issued a $28.00 price objective on shares of Continental Building Products in a research report on Monday, June 19th. Finally, BidaskClub raised Continental Building Products from a “sell” rating to a “hold” rating in a research report on Saturday, September 2nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $26.33.

Continental Building Products Company Profile

Continental Building Products, Inc is a manufacturer of gypsum wallboard and complementary finishing products. The Company operates through wallboard segment. Gypsum wallboard is a primary building material used in residential and commercial construction and in repair and remodel (R&R). It offers customers a range of gypsum wallboard products, including LiftLite, its lightweight product designed to lift and install; its Mold Defense line of products designed for protection against mold and mildew, and its Weather Defense line of moisture and mold-resistant exterior sheathing.

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Institutional Ownership by Quarter for Continental Building Products (NYSE:CBPX)

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